Money Mechanics
MMTalk  -  Issue: #17September | 2010 
Greetings!

Spring has sprung. I hope the September Issue of 'MMTalk' finds you well.

In this issue we discuss the potential impacts of the newly elected minority Gillard Government.

We have seen the share market move above the 4600 level to it's highest point in 5 weeks although we are in that period (September & October) of the markets where history has shown the most corrections occur.  There is plenty of noise out there about the potential of a double dip recession in the USA and our market update this month looks at where we are and the view from an analyst in New York.  My view is that we still need to be cautious however we still have stable econmic numbers here in Australia which is good news for recovery and the global recession that we are being guided through.

Our new website is still on the way with an expected launch by the end of this month.  I feel like I have been learning a whole new language when it comes to coding and development, almost the same as learning any new skill!  Like money there is plenty of expert lingo out there where are fly over your head if you are not exposed to it every day!

Hope you enjoy this months newsletter any reflections or feedback please contact me.

All the best,


Scott
me and response from the Government was 
Financial Life Planning
Your personal definition of wealth

Some are very clear on what they want in life.  While others can be a little more carefree in nature and have only sort of an idea of where they are heading.  Then there are those who the thought of planning is not even on their radar.

No matter where you are at, my money challenge for you this month is to take a moment to think about what 'wealth' or 'financial independence' means to you and create your definition.
Read more here

Gillard Government
Implications of a minority ALP Government

The re-election of a minority Australian Labor Party (ALP) will have a number of consequences for our money including proposed changes to the tax, superannuation and Government support payments.

This month we look at the impacts of the Labor Party's election promises, be mindful that these are just the promises at this stage and still have to go through the parliamentry process.  With a minority Government in place there will most likely be a lot of tinkering to these promises and we will keep you posted as information comes to hand.

Read more here

Market Update
The Month That Was.. August 2010

In August we have seen the ASX300 Accumulation Index fall 1.1% with the reporting season the key driver of returns. The key theme out of reporting season was an improvement in retail performance as well as positive outlooks from selected contractors.  Outside the reporting season the Australian federal government election was a key focus domestically.

This months update details the factors at play in the Australian Market along with the effect the rest of the world namely the US and Chindia (China and India) are having on our markets.
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Money Mechanics are specialist financial life planners in the areas of self managed super funds, public sector superannuation, wealth creation, salary sacrifice, gearing strategies, estate and risk management planning.
Our financial life planning approach brings together technical expertise and the human touch to create a solution tailored towards your overall life goals.

We have a unique fee for service advice menu so you can choose how we work together based on a fixed hourly rate. We choose to not take upfront or ongoing commission on financial products, which provides clients with a greater understanding of what fees they are paying and what they are paying for.

No matter what your goals for life, seek advice and empower yourself to create wealth through understanding,



Scott Malcolm
Authorised Representative (No. 262368)
Director & Financial Strategist 
moneymechanics.
In This Issue
Financial Life Planning
Election Impact
Market Update
Quick Links
Scott with Client
Quote of the Month 

"If you want to feel rich just count the things you have that money can't buy."

-- unknown.
General Advice Warning
 
This Publication has been prepared by Money Mechanics Pty Ltd ABN 64 136 066 272 who is authorised to provide finanicial advice through PATRON Financial Services Pty Ltd trading as PATRON Financial Advice ABN 32 307 788 137 AFSL 307379.

The information provided in this newsletter is General Advice Only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice you should consider the appropriateness of the advice, having regard to your objectives, financial situation and needs.